AF Global to Dispose of Stake in Knight Frank; Shares Surge 13%

MT Newswires

2025/10/08

AF Global (SGX:L38) agreed to dispose its entire 55% stake in Knight Frank to Knight Frank Asia Pacific for SG$36.9 million, according to a Wednesday filing with the Singapore Exchange.

Knight Frank is a real estate consultancy firm and provides services to residential, commercial and industrial markets.

The disposal is part of the company's strategy to remain focused in the hospitality sector, with proceeds to be disclosed at a later date.

Shares of the company surged nearly 13% in Wednesday trading.

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